Automotive Brake System Market Expected to Expand at a Remarkable CAGR of 6.1% Through 2030

A Quick Overview of Automotive Brake System Market

The key object of this report on the Automotive Brake System Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.

MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.

According to the latest report, the Global Automotive Brake System Market size was valued at USD 23.25 billion in 2023 and is estimated to grow at a CAGR of around 6.1% from 2024 to 2030. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data.

In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

Request Sample Report or Discuss More - https://www.marknteladvisors.com/query/request-sample/automotive-brake-system-market.html

Market Dynamics:

Growth Driver-

Increasing Adoption of ABS by Automotive Manufacturers to Amplify Market Growth – Road Accidents are common in several regions and these accidents are one of the leading causes of deaths across the globe. Based on a survey by the World Health Organization (WHO), every year more than 1 million individuals die due to road accidents. These accidents are majorly caused by overspeeding & vehicle component failure. Therefore, it has become of utmost importance for individuals to look for vehicles that ensure safety. As a result, several automotive manufacturers are increasingly adopting automotive brake systems since these barking systems provide better performance than conventional brakes.

In addition, these accidents impact the individuals economically & emotionally. Therefore, the governing authorities are encouraging automotive manufacturers to adopt technologically advanced systems that ensure the safety of individuals. Therefore, the automakers are increasingly incorporating these advanced brakes within their vehicles, enhancing the Global Automotive Brake System market.

Automotive Brake System Market Report Segmentation:

The report by MarkNtel Advisors on Automotive Brake System Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:

By Brake Type

Disc Brakes- Market Size & Forecast 2019-2030, (USD Million)
Drum Brakes- Market Size & Forecast 2019-2030, (USD Million)
Hydrostatic Brakes- Market Size & Forecast 2019-2030, (USD Million)
Hydraulic Wet Brakes- Market Size & Forecast 2019-2030, (USD Million)
Dynamic Brakes- Market Size & Forecast 2019-2030, (USD Million)
Others- Market Size & Forecast 2019-2030, (USD Million)

By Technology

Anti-lock Braking System (ABS)- Market Size & Forecast 2019-2030, (USD Million)
Electronic Stability Control (ESC)- Market Size & Forecast 2019-2030, (USD Million)
Traction Control System (TCS)- Market Size & Forecast 2019-2030, (USD Million)
Electronic Brakeforce Distribution (EBD)- Market Size & Forecast 2019-2030, (USD Million)
Automatic Emergency Braking (AEB)- Market Size & Forecast 2019-2030, (USD Million)

By Vehicle Type

Passenger Cars- Market Size & Forecast 2019-2030, (USD Million)
Light Commercial Vehicles- Market Size & Forecast 2019-2030, (USD Million)
Trucks- Market Size & Forecast 2019-2030, (USD Million)
Buses- Market Size & Forecast 2019-2030, (USD Million)

The Passenger Car brake systems segment is poised to dominate the Automotive Brake System Market, holding the largest market share during the forecast period. This dominance is attributed to stringent regional government regulations aligning with UNECE guidelines, driving the adoption of electronic braking systems like ABS and ESC in passenger cars.

By Actuation Type

Hydraulic- Market Size & Forecast 2019-2030, (USD Million)
Pneumatic- Market Size & Forecast 2019-2030, (USD Million)

By Component

Master Cylinders- Market Size & Forecast 2019-2030, (USD Million)
Brake Pads- Market Size & Forecast 2019-2030, (USD Million)
Brake Shoes- Market Size & Forecast 2019-2030, (USD Million)
Brake Calipers- Market Size & Forecast 2019-2030, (USD Million)
Brake Disc Rotors- Market Size & Forecast 2019-2030, (USD Million)

By Electric Vehicle Type

Battery EVs- Market Size & Forecast 2019-2030, (USD Million)
Plug-in Hybrid EVs- Market Size & Forecast 2019-2030, (USD Million)

By Application

Agricultural Tractors- Market Size & Forecast 2019-2030, (USD Million)
Construction Equipment- Market Size & Forecast 2019-2030, (USD Million)
Mining Equipment- Market Size & Forecast 2019-2030, (USD Million)

By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific

Access the Complete Report for An In-Depth Analysis - https://www.marknteladvisors.com/research-library/automotive-brake-system-market.html

Some of the Top Automotive Brake System Companies in the Market

In the fast-changing Automotive Brake System Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top players of the industry ruling the industry are:

Continental Ag
Robert Bosch Gmbh
Zf Friedrichshafen Ag
Akebono Brake Industry Co., Ltd.
Brembo S.P.A
Aisin Seiki Co., Ltd.
Hitachi Astemo Ltd.
Knorr-Bremse Ag
Haldex Ab
Denso Corporation
Mando Corporation
Hyundai Mobis Co., Ltd.
Wuhan Youfin Auto Parts Co., Ltd.
Bethel Automotive Safety System Co., Ltd. (WBTL)
Beringer
Others

Need additional assistance?

Looking for more assistance? Connect with our experienced analysts for insights into current market trends.
Customize your report by adding specific segments and countries to meet your needs. Gain a significant competitive edge by learning how to leverage these insights to enhance your operations and boost revenue.
For further support, don’t hesitate to reach out to our analysts.

Customize This Report to Fit Your Requirement, We're offering discounts on the Purchase of the Report, Get It Today - https://www.marknteladvisors.com/query/request-customization/automotive-brake-system-market.html

*Reports Delivery Format - Market research studies from MarkNtel Advisors are offered in PDF, Excel, and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address

Other Report:

About US:

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

For Media Inquiries, Please Contact:

Phone: +1 628 895 8081 | +91 120 4278433

Email: sales@marknteladvisors.com

Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511

Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India

Press Releases